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American Security Mortgage Corp.
Independent Mortgage Company•Charlotte, NC•Direct to Consumer
We analyzed every closed loan from American Security Mortgage — 3.0k loans across 4k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 20 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
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Report Card
American Security Mortgage Corp. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +11.5 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional21 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,015 | 68.1% | +0.154%Above | $1,835Fees | ||||
FHA Loans | 388 | 13.1% | +0.360%Above | $1,994Fees | ||||
VA Loans | 441 | 14.9% | -0.433%Below | $2,277Fees | ||||
Jumbo Loans | 85 | 2.9% | +0.140%Above | $1,588Fees | ||||
USDA Loans | — | 29 | 1.0% | +0.102%Above | $1,789Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,775 | 93.8% | +0.121%Above | $1,933Fees | ||||
Refinance | 183 | 6.2% | +0.011%Above | $1,409Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,958
Applications
3,814
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.115%
vs. market APOR
Avg Net Fees
$1,900
Origination − Credits
Pullthrough Rate
77.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$406,667
Avg Borrower Income
$177,180
Avg Property Value
$519,033
Geographic Coverage
Geographic Performance
Metro Areas
20
States Served
10
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
DCFLGAILMDNCOHSCTNVA
Top Metro Areas by Place Specialization Score
1
Charlotte, NC-SCMSA
Volume: 1,453Mix: 49.12%of portfolio
Place
Exceptional2
Goldsboro, NC, NCMSA
Volume: 75Mix: 2.54%of portfolio
Place
Exceptional3
Raleigh, NCMSA
Volume: 403Mix: 13.62%of portfolio
Place
Exceptional4
Fayetteville, NC, NCMSA
Volume: 151Mix: 5.10%of portfolio
Place
Exceptional5
Greenville, NC, NCMSA
Volume: 61Mix: 2.06%of portfolio
Place
Strong6
Wilmington, NC, NCMSA
Volume: 99Mix: 3.35%of portfolio
Place
Strong7
Durham, NCMSA
Volume: 94Mix: 3.18%of portfolio
Place
Strong8
Jacksonville, NC, NCMSA
Volume: 50Mix: 1.69%of portfolio
Place
Strong9
Asheville, NC, NCMSA
Volume: 36Mix: 1.22%of portfolio
Place
Strong10
Pinehurst, NCMSA
Volume: 21Mix: 0.71%of portfolio
Place
SoundShowing 10 of 20 metro areas
Top States by Place Specialization Score
1
NCState
Volume: 2,629Mix: 88.88%of portfolio
Place
Exceptional2
SCState
Volume: 242Mix: 8.18%of portfolio
Place
Strong3
VAState
Volume: 41Mix: 1.39%of portfolio
Place
Sound4
GAState
Volume: 12Mix: 0.41%of portfolio
Place
Acceptable5
FLState
Volume: 13Mix: 0.44%of portfolio
Place
AcceptableHow We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.